Gold's Confusing Signal: Why the Safe-Haven Trade Isn't Playing Out as Expected
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 June 2026
⏱️ 46 minutes
🧾️ Download transcript
Summary
Gold is dipping even as the Middle East conflict intensifies and inflation worries mount — a counterintuitive move that has investors scratching their heads about where to find safety. We explore what's really driving gold prices and whether the precious metal still belongs in a defensive portfolio.
Today's Stocks & Topics: Treasury Bill, Market Wrap, Schwab U.S. Dividend Equity ETF (SCHD), Martin Marietta Materials, Inc. (MLM), Gold's Confusing Signal: Why the Safe-Haven Trade Isn't Playing Out as Expected, Select STOXX Europe Aerospace & Defense ETF (EUAD), Salesforce, Inc. (CRM), Uranium Royalty Corp. (UROY), AstraZeneca PLC (AZN).
Our Next Wealth Webinar: “Beyond the Yield: How to Invest for Your Income Needs”
June 30th, 2026 - 12:00 pm
To sign up: https://us06web.zoom.us/webinar/register/5717793889555/WN_XuoDgMVwSv6wZXXurrZTLg
Our Sponsors:
* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com
* Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me
* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai
* Check out Progressive: https://www.progressive.com
* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com
* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com
* Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com
* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.com
Advertising Inquiries: https://redcircle.com/brands
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. |
| 0:11.2 | Here's your host, Justin Klein. |
| 0:14.7 | Good afternoon, fellow investors, and welcome back to Invest talk. |
| 0:19.8 | This is our, what are we, Wednesday, Wednesday, June 6th, June 6th. |
| 0:25.1 | I'm looking at a 6th. So it's not June 6th. It's June 3rd, June 3rd, 2026 edition of Invest Talk. |
| 0:32.3 | Appreciate you all tuning in. So much to talk about on today's show, very interesting markets that we were just starting |
| 0:40.2 | seeing a little weakness today. |
| 0:41.7 | One day. |
| 0:42.3 | Doesn't make a trend. |
| 0:43.3 | But, you know, certainly a lot to unpack why that might have happened. |
| 0:47.0 | We had big earnings after hours from names like Broadcom. |
| 0:51.9 | There was some other big one as well. |
| 0:53.8 | I can't remember the top of my head. But both were down pretty big. I think it was a software name. I'll remember it later in the show. But my point here is a lot to unpack, a lot of economic news that we'll get to. Most importantly, it will be your calls. Whatever is on your your mind don't hesitate to pick up the phone |
| 1:12.3 | give us a call 8 at 899 chart that is the number as always whatever money question came to |
| 1:18.5 | mind maybe you thought about it last night while you're laying in bed maybe it's something that |
| 1:22.8 | sparked your interest today at work or maybe a headline you saw and you're trying to decide |
| 1:28.3 | whether you should take that seriously or not. Whatever it is, we are here for all of it. |
| 1:36.1 | I encourage you to give us a call 24 hours a day, seven days a week, 8 at 899. |
| 1:41.0 | Chart. Now, as you like you know we wrapped up our best talk wealth webinar on |
| 1:44.7 | may 6th about inflation and we now have a recording over on our youtube channel so go check that |
| 1:51.5 | out but most importantly will be our next one which is about income and our next wealth |
| 1:58.0 | webinar is coming up on june 30th so less than a month away, Tuesday, 12 to 1 p.m. Pacific time. |
... |
Transcript will be available on the free plan in 26 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.